Labour has pledged to maintain the state pension triple lock while confirming pensioners whose only income is the state pension will not pay income tax on their payments. Under the triple lock, the state pension rises every April by whichever is highest between inflation, average earnings growth or 2.5 per cent. If the minimum 2.5 per cent increase were applied in April 2027, the full basic state pension for those who reached state pension age before 2016 would rise from £9,614.80 to £9,855.17 a year. The two state pension systems continue to provide different levels of support depending on when someone reached state pension age. The income tax personal allowance has remained at £12,570 since 2021 while state pension payments have continued to increase each year.